Newark, NJ — income, home value, property tax, and sales tax.
In ZIP 07106, which takes in part of Newark, households earn a median of $53,440, while per-capita income comes to $30,499. With homes valued around $355,400 and the county's effective property tax rate at 1.91%, an owner could owe roughly $6,800 a year in property taxes alone — a meaningful slice of that median income. Sales taxes add 6.62% to most purchases, further shaping day-to-day spending. Together these costs mean many households here balance a mid-range income against housing and consumption taxes that claim a real share of every dollar earned.
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